The U.S. was the world's leading net creditor nation until
A. 1971.
B. 1973.
C. 1982.
D. 1990.
C. 1982.
You might also like to view...
One reason a country does not specialize completely in production is that not all goods and services are traded internationally
Indicate whether the statement is true or false
Refer to Table 22-6. Consider the statistics in the table above in describing the developing countries. Are these consistent with the economic growth model? Briefly explain
What will be an ideal response?
Which of the following flows from the government to the households?
a. Goods and services b. Resources of production c. Taxes d. Government services e. Loans
Health care costs have greatly increased in recent years in the United States. This fact alone does not establish an overallocation of resources to health care because:
A. the benefits of health care have also greatly increased in recent years. B. rising medical care prices have inflated health care costs. C. the marginal cost of health care exceeds the average total cost of health care. D. negative externalities sometimes result from additional health care spending.